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Ibovespa Starts February on a High Note, Fueled by Petrobras Surge
On February 1st, the Ibovespa index rebounded, rising 0.45% to 128,332.83 points. This uptick came after key monetary policy announcements in both Brazil and...
Brazil Split on Petrobras Privatization
In Brazil, the debate over privatizing Petrobras, the largest state-owned enterprise, mirrors the country's deep divide.
A recent PoderData survey, conducted from January 27 to...
Petrobras 2023: Record Oil and Gas Output
Petrobras, a top energy company, increased oil and gas production by 3.7% in 2023, averaging a daily output of 2.78 million barrels.
The increase stems...
Ibovespa Nears 129,000 Points Boosted by Vale and Petrobras
On Friday, January 26, Brazil's Ibovespa index witnessed a notable rise, driven primarily by Petrobras and Vale shares.
The index climbed 0.62%, reaching 128,967.32 points....
Ibovespa Rises with Petrobras Boost; Magazine Luiza Soars
On Thursday, buoyed by Petrobras shares climbing over 3% amid rising oil prices, the Ibovespa index closed with a 0.28% gain, reaching 128,168 points.
Vale...
Petrobras’ Credit Outlook: Stability Amidst Industry Challenges
Fitch Ratings recently reaffirmed Petrobras' 'BB' global and 'AAA' national credit ratings with a stable outlook.
This mirrors a similar action by S&P, who also...
Petrobras in Transition: Rethinking Asset Deals
Jean Paul Prates, Petrobras CEO, paused asset sales early on in his tenure, shifting focus to exploration and production.
This move altered the company's trajectory,...
Petrobras Resumes Equatorial Margin Oil Exploration after Conflict
Petrobras, the Brazilian state-owned oil company, has restarted drilling in Rio Grande do Norte, marking the resumption of oil and gas exploration in the...
Strong Performance in Brazilian Stocks Boosted by Petrobras and Vale
The Ibovespa index in Brazil showed positive momentum on Thursday, buoyed by significant stocks like Petrobras and Vale.
As of 11:30 AM in Brasília, the...
Petrobras’ Bold Five-Year Plan to Generate 1.4 Million Jobs
Petrobras has unveiled its strategic plan for 2024-2028, aiming to generate 1.4 million jobs, with an annual average of 280,000.
This initiative focuses on oil...
Petrobras Targets $102 Billion Investment in Five-Year Plan
Petrobras, Brazil's state-run oil company and Latin America's largest oil firm has set a bold goal to invest $102 billion from 2024 to 2028.
This...
Petrobras Plans E-Methanol Plant with European Energy
Petrobras, a Brazilian state-owned company and the largest oil firm in Latin America has partnered with Denmark's European Energy.
They aim to explore building an...
Petrobras Cuts Investments by 20%
Petrobras, Brazil's largest company, has announced a 20% reduction in its investment plans for this year, attributing the decision to the challenges faced by...
Soy Oil Biofuel Breakthrough at Brazil’s Petrobras
The Brazilian oil giant Petrobras has achieved a groundbreaking feat by processing soybean oil entirely into biofuel.
This development occurred at the Fluid Catalytic Cracking...